CoinVoice recently learned that according to The Block, ChainML, an artificial intelligence platform supporting Web3, raised $6.2 million in a seed round of extended financing and launched a proxy base layer called Theoriq. The round was led by Hack VC, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures and Alumni Ventures.
ChainML co-founder and CEO Ron Bodkin, formerly technical director of applied AI at Google, said the funding round was conducted late last year and structured as equity and token warrants, and is now being announced with Theoriq. Bodkin declined to comment on valuation.
According to RootData, a Web3 asset data platform, ChainML is a scalable, censorship-resistant protocol for Web3 machine learning and related complex data-driven computing. ChainML works with leading Web3 protocols as a design partner to apply machine learning to DeFi, games, social, and data infrastructure. [Original link]
